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Your firm has the option of making an investment in new software that will cost $230,751 today, but will save the company money over several

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Your firm has the option of making an investment in new software that will cost $230,751 today, but will save the company money over several years. You estimate that the software will provide the savings shown in the following table over its 5-year lifeShould the firm make this investment if it requires a minimum annual return of 9% on all investments? The present value of the stream of savings estimates is $[ (Round to the nearest dollar.) Data Table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year Savings estimate 1 $63,000 2 $88,200 3 $81,900 4 $44,100 5 $25,200 Print Done

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